Spending on information technology (IT) remains in a period of“tech digestion,” in which overall investment in IT by businessesand government grows at about the same rate of the overall economy,at about an anticipated 7% in 2005, according to Forrester Researchanalyst Andrew Bartels. Meanwhile, IT staffing costs among Americanenterprises are expected to increase 6% in 2005, the same amount asin 2004, after much lower rates in 2001-2003. And the financialservices sector remains one of the biggest consumers of IT, comingin only behind professional services and government. These graphsshow Forrester's forecast for IT spending in the United States forthis year, the think firm's forecast for total U.S. IT staffingcosts and its forecast for IT spending growth by industry in'05.
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